OTE 0.00% 0.3¢ otis energy limited

By deal I did not mean LOII meant that they have bought the...

  1. 480 Posts.
    By deal I did not mean LOI
    I meant that they have bought the lease and own or co- own the project.
    Which would also mean they would have sorted the finance to execute the project.

    For example
    Nigerian gov pressures Big oil company to relenquish a marginal field they have no intention of developing but has a 50 million barrel potential
    OTE buys the land and oil rights and organises $20 million in finance to develop the field
    If fails, debt will destroy OTE real quick
    If goes as Barnaby promises then OTE will be worth 2c

    That was the sort of thing I was betting would happen by 6 months
    Not interest intent or understanding but a purchase of a game changer
    Something that will mean lakes and Comanche are irrelevant

    Well Fisherwoman, invest4it and Buckland
    Is it likely to happen in 6 months
    Or is it just another load of bull

    Rumot
 
watchlist Created with Sketch. Add OTE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.